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Has New York City Office Space Reached Peak Availability?

Office Availability Declines During Third Quarter Despite Absence of New Leasing

Despite leasing activity underwhelming in the third quarter, the amount of available office space experienced its largest quarterly decline since the onset of the pandemic. (CoStar)
Despite leasing activity underwhelming in the third quarter, the amount of available office space experienced its largest quarterly decline since the onset of the pandemic. (CoStar)

In what is surprising news to no one, the office sector is struggling. While investors try to avoid catching a falling knife, a possible green shoot recently has appeared.

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